(Topic ID: 264212)

Is the pinball market about to collapse?

By 27dnast

4 years ago


Topic Heartbeat

Topic Stats

  • 790 posts
  • 216 Pinsiders participating
  • Latest reply 4 years ago by Daditude
  • Topic is favorited by 10 Pinsiders

You

Linked Games

No games have been linked to this topic.

    Topic Gallery

    View topic image gallery

    IMG-0154 (resized).jpg
    05FCDE5F-CEE1-4A86-B2CE-6589E2E9FA4B (resized).jpeg
    C01F09B4-00B3-460F-9EBA-9DCB020E159D (resized).jpeg
    72E11B90-10A8-42A9-8864-7DA17E6E6304 (resized).jpeg
    IMG_20200320_125736_979 (resized).jpg
    Stern (resized).jpg
    Spanish_flu_death_chart (resized).png
    D4CFA9AC-F413-4D25-92A0-B084CE002446 (resized).jpeg
    5A8A81E5-C345-4D8B-9647-8D79CAA13D31.gif
    DSCN6705 (resized).JPG
    idiot.jpg
    27DC9CBC-E99F-4DEE-84DA-C3BF0EC5CAD6 (resized).jpeg
    2CA58ADE-0930-408A-96D0-DC660A160DC2 (resized).jpeg
    DSCN6704 (resized).JPG
    DSCN6703 (resized).JPG
    BUTTCOIN (resized).jpeg

    You're currently viewing posts by Pinsider happyhour1973.
    Click here to go back to viewing the entire thread.

    This topic is closed.

    #356 4 years ago

    The economy over the past several years has been built on the backs of discretionary consumption. All the non-essential stuff consumers have been buying was approximately 40% of GDP. Obviously, that's a sizable amount in terms of dollar contributions and people employed. A couple trillion dollar stimulus package would probably be needed to alleviate some of the damage done. The pinball industry will definitely suffer some headwinds. Whether they drop prices a bit to restart the machine or stay "stubborn" and hold the line will be interesting to see.

    Regarding investing, everything is a falling knife right now and although trying to time the market is futile, I would wait before entering if you have cash on the sidelines. Buying on a dip is one thing. Buying on a meteorite crater when larger meteorites are still landing is quite another thing. Just about every stock will be a screaming buy when we begin stringing together some positive sessions. If there are any "winners" right now it would be streaming companies and telecommute technologies.

    #459 4 years ago

    I think 2008 should have been a lesson in the false premise that is "if people own X, then people also have money." I guess it depends on one's definition of having money. The past boom years of easy credit was heroin for people who still had no business buying second homes or running up credit card debt to fund multiple discretionary purchases. The all-enticing HELOC and snake oil selling of variable arm loans made it too easy too "have money." Unfortunately, we too often fail to learn from our mistakes. If this chart isn't sad and scary enough (and is federal reserve based data from only a few years ago), what has the past two weeks done.........

    pasted_image (resized).pngpasted_image (resized).png
    #680 4 years ago

    Some of the flippant attitudes towards this virus is startling and is the exact reason why it will probably linger longer in our country than any others. So much for social contract theory and taking care of one another in a time of crisis.

    Anyway, if you are concerned about take-out or food delivery, then take a few minutes to read this:

    https://www.cnn.com/2020/03/20/health/food-safety-groceries-coronavirus-wellness/index.html

    You're currently viewing posts by Pinsider happyhour1973.
    Click here to go back to viewing the entire thread.

    This topic is closed.

    Reply

    Wanna join the discussion? Please sign in to reply to this topic.

    Hey there! Welcome to Pinside!

    Donate to Pinside

    Great to see you're enjoying Pinside! Did you know Pinside is able to run without any 3rd-party banners or ads, thanks to the support from our visitors? Please consider a donation to Pinside and get anext to your username to show for it! Or better yet, subscribe to Pinside+!


    This page was printed from https://pinside.com/pinball/forum/topic/is-the-pinball-market-about-to-collapse?tu=happyhour1973 and we tried optimising it for printing. Some page elements may have been deliberately hidden.

    Scan the QR code on the left to jump to the URL this document was printed from.